Latham & Watkins Advises Riskified Ltd. on IPO

Cross-border team represents the fraud management platform enabling frictionless eCommerce in the offering.

July 29, 2021

Riskified Ltd., a fraud management platform enabling frictionless eCommerce, has announced the pricing of its initial public offering of 17,500,000 Class A ordinary shares at a public offering price of US$21 per Class A ordinary share. The offering consists of 17,300,000 Class A ordinary shares offered by Riskified and 200,000 Class A ordinary shares to be sold by one of Riskified’s existing shareholders. Riskified will not receive any proceeds from the sale of the shares by the selling shareholder. The underwriters will have a 30-day option to purchase up to an additional 2,625,000 Class A ordinary shares from Riskified at the initial public offering price, less underwriting discounts and commissions. The Class A ordinary shares are expected to begin trading on the New York Stock Exchange on July 29, 2021 under the ticker symbol “RSKD”. The closing of the offering is expected to occur on August 2, 2021 subject to the satisfaction of customary closing conditions.

Latham & Watkins LLP represents Riskified in the offering with a capital markets team led by New York partner Marc Jaffe, London partner Joshua Kiernan, and New York partner Stelios Saffos, with New York/Los Angeles associate Brittany Ruiz and New York associates Brian Yoon, MacLane Taggart, and Jie Lin Nai. Advice was also provided on data privacy & security matters by Washington, D.C. partner Jennifer Archie, with Washington, D.C. associates Jimmy Smith and Taylor Allison, Hong Kong associate Kieran Donovan, and Frankfurt associate Wolf-Tassilo Boehm; on export controls, economic sanctions & customs matters by Washington, D.C. partner Les Carnegie, with Washington, D.C. associate Elizabeth Annis and Boston associate Matthew Crawford; on intellectual property matters by New York partner Jeffrey Tochner, with New York associate Max Miroff; on benefits & compensation matters by New York partner Bradd Williamson, with Chicago associate Jina Davidovich; on public company representation matters by New York counsel Irina Yevmenenko, with New York associate Justin McNamee; on tax matters by New York partner Elena Romanova, with New York associate Michael Yu; on anti-corruption matters by New York partner Matthew Salerno and London partner Nathan Seltzer; and on European banking matters by Frankfurt partners Axel Schiemann and Markus Krüger.

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